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First Payment Aldermore Bank

mistertml
mistertml Posts: 83 Forumite
in Mortgages & endowments
Hi All

I am due to complete on a house soon and wanted to budget for the mortgage payment. At present we are likely to complete on 1st Feb. Does this mean I pay 2 full months on 1st March or do I start paying in 1st Feb.

Anyone who has had any dealings with Aldermore please let me know as I know some lenders give a grace of a month.

Thanks in advance

Comments

  • JasonHand
    JasonHand Posts: 197 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    I believe each lender have different policies.

    I completed a house purchase on the 10th December and my first payment was the 2nd January. My first payment was pro rata of my monthly payments so I paid just under half of my usual monthly payments.

    But my advice is to give Aldermore a ring. They will be able to confirm what your 1st payment will be.
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